There is no period in history where job growth slowed to a crawl and the economy didn't fall into recession.
A crucial question going forward is what will trend employment growth be?
In one week we should know whether the Dec. 15 tariffs will increase as planned.
The recovery has now occurred so fast that the bulls did not act quickly enough and are again struggling with Fear of Missing Out.
After the 266,000 payroll number on Friday, here's my analysis and how to prepare for the months ahead.
Keep an eye on the Dow Jones Transportation index, as well as the odd reading on the put/call ratio.
Throw away the economics textbooks, they are not working.
Be careful drawing too strong of a conclusion from these numbers.
It makes a lot of sense for the Fed to wean the market off its reliance on explicit forward guidance, but it won't be easy.
Here's my take on the Federal Reserve's expanded balance sheet, the Labor Department's jobs survey, and Fed's September meeting minutes.